Nicole Kidman finally pockets the proceeds of her rarely used, loss-making Rosedale, NSW far south coast bungalow getaway
Actor Nicole Kidman has finally secured the proceeds of the last piece of her loss-making beachfront holding on the New South Wales far south coast.
Nicole Kidman purchased the vacant Rosedale block as part of a $4 million outlay on the coastal strip in 2004.
She had previously recouped $3 million selling two of the properties to Canberrans.
The last portion was the vacant 1,009-square-metre block that settled only recently at $665,000.
It dated back to the quiet 2012 post-auction sale which Property Observer noted but could never confirm. There was also a report of the sale which put it at almost $800,000 in the local paper, The Bay Post.
But the recent settlement indicated, Nicole Kidman who this week failed to make Forbes magazine's 2013 list of Hollywood's highest earning actresses, officially secured just the $665,000 from the buyers, Charles Guest and Christiane Charlesworth.
In 2006 Kidman, who plays Grace Kelly in Grace of Monaco, was the highest paid actress in Hollywood, earning $US17 million a movie.
The vacant block was initially for sale in 2008 at $1.2 million plus through LJ Hooker Batemans Bay. Buyers were told to expect to pay around $800,000 leading up to its unsuccessful February 2012 auction.
Its LJ Hooker marketing says it had “stunning views of Rosedale Beach and Jimmys Island from the gorgeous beachside block”.
It has 21 metres of beach frontage on Knowlman Road.
“It’s the kind of land you will hold for generations,” the listing agent Michael Skuse suggested.
It was 2004 when Angus Hawley, Nicole's then brother-in-law, first swooped into town by helicopter to bid on the rare beachfront offering offered by the Knowlman farming family from Goulburn, who had paid £35 in 1929.
Rosedale locals were always disappointed that Kidman was there only a handful of times.
The Kidman family envisaged a $2.5-million compound-type building on the three properties, but in the end they felt there was a lack of privacy.
When Kidman and her country music star husband, Keith Urban, are seeking a break from their Milson Point, North Sydney penthouse they head to Bunya Hill (pictured below), a 45-hectare cattle stud with a magnificent 1878 Georgian mansion.
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With wide sandstone verandas, pressed-metal ceilings, a carved cedar staircase and 10 marble fireplaces, it has the proportions and details that made it worthy to be leased as a vice-regal rural retreat for Lord Augustus Loftus, a governor of NSW in the colonial 1880s.
